Maxim Integrated Moves On: Fool by Numbers

On Nov. 1, integrated-circuit designer Maxim Integrated Products (Nasdaq: MXIM  ) released fiscal first-quarter earnings for the period ended Sept. 30.

  • Revenues increased by 18.5%, and EPS was up 6.5% on a GAAP basis.
  • Gross margin was dampened by the recording of an additional $5 million in inventory reserves.
  • Our Motley Fool CAPS community deems this a four-star stock, with 26 all-stars rating it an outperform, and only one calling it an underperform.

(Figures in millions, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$503

$424

18.5%

Net Profit

$108

$105

2%

EPS

$0.33

$0.31

6.5%

Diluted Shares

328

345

(4.9%)



Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

63.88%

68.75%

(4.87)

Operating Margin

30.00%

34.36%

(4.36)

Net Margin

21.39%

24.83%

(3.44)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$1,394

$1,585

(12.1%)

Accounts Rec.

$292

$213

37%

Inventory

$218

$183

18.9%


Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$139

$65

114.5%

Long-Term Debt

--

--

--



Learn the ways of the balance sheet.

Cash Flow Highlights

Q1 2007

Q1 2006

Change

Cash From Ops.

$214

$171

25.2%

Capital Expenditures

$95

$18

427.2%

Free Cash Flow

$119

$153

(22.2%)



Find out why Fools always follow the money.

Related companies:

  • Advanced Micro Devices (NYSE: AMD  )
  • Infineon Technologies AG (NYSE: IFX  )
  • National Semiconductor (NYSE: NSM  )
  • Intersil (Nasdaq: ISIL  )

Related Foolishness:

Want some new stock ideas? Learn more about what CAPS players -- now 12,000 strong -- think of the company you're interested in.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.


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